Latest news with #iSharesBitcoinETF
USA Today
5 days ago
- Business
- USA Today
Trump Media files for bitcoin and ethereum ETF in SEC registration push
Trump Media files for bitcoin and ethereum ETF in SEC registration push Show Caption Hide Caption Brazen 'wrench attacks' are on the rise For crypto traders, online encryption doesn't matter when someone takes you hostage to coerce you into revealing your password. Trump Media & Technology Group DJT.O is seeking to launch an exchange-traded fund that will invest in both bitcoin and ethereum, the two largest cryptocurrencies, according to a filing with the U.S. Securities and Exchange Commission on Monday. This marks the second cryptocurrency ETF filing from the social media company associated with President Donald Trump in less than two weeks. If approved, the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF would join a crowded and competitive market already dominated by a handful of established asset managers such as BlackRock BLK.N, whose iShares Bitcoin ETF has $72.5 billion in assets. In case you missed it: Trump is establishing a U.S. crypto reserve. What is bitcoin again? "It will be a challenge for any new entrant in this market," said Bryan Armour, ETF analyst at Morningstar. "The only way to stand out will be through fees or brand." The filing for the new bitcoin and ethereum ETF does not disclose proposed fees, and Trump Media has yet to reveal fees for the bitcoin ETF. Similar products have fees of 0.12%. Trump Media representatives did not immediately respond to a request for comment. Armour noted that the latest filing spells out a specific allocation ratio between bitcoin and ethereum. The issuer, Yorkville America Digital, said it initially anticipates holding three bitcoins for every ethereum token in the ETF. "There is little that is different about this new venture other than the way it could be marketed," said Sui Chung, CEO and chairman of CF Benchmarks. "Given Truth Social's involvement, it may very well be that (these) are marketed directly to individual investors and that this ends up getting attention from those investors in the same way that people who love their iPhones buy Apple AAPL.O stock." Reporting by Suzanne McGee in New York and Manya Saini in Bengaluru; Editing by Shilpi Majumdar and Rod Nickel
Time of India
6 days ago
- Business
- Time of India
Trump Media seeks SEC approval for bitcoin and ethereum ETF
Trump Media & Technology Group is seeking to launch an exchange-traded fund that will invest in both bitcoin and ethereum, the two largest cryptocurrencies, according to a filing with the U.S. Securities and Exchange Commission on Monday. This marks the second cryptocurrency ETF filing from the social media company associated with President Donald Trump in less than two weeks. If approved, the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF would join a crowded and competitive market already dominated by a handful of established asset managers such as BlackRock, whose iShares Bitcoin ETF has $72.5 billion in assets. "It will be a challenge for any new entrant in this market," said Bryan Armour, ETF analyst at Morningstar. "The only way to stand out will be through fees or brand." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When Knee Pain Hits, Start Eating These Foods, and Feel Your Pain Go Away (It's Genius) Read More The filing for the new bitcoin and ethereum ETF does not disclose proposed fees, and Trump Media has yet to reveal fees for the bitcoin ETF. Similar products have fees of 0.12%. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -1.26% Buy DeFi Tracker -1.33% Buy BTC 50 :: ETH 50 -1.47% Buy Web3 Tracker -7.06% Buy AI Tracker -8.19% Buy TOP COINS (₹) XRP 197 ( 5.47% ) Buy Ethereum 226,895 ( 3.33% ) Buy Solana 13,487 ( 2.87% ) Buy Bitcoin 9,242,172 ( 1.52% ) Buy BNB 56,541 ( 1.33% ) Buy Trump Media representatives did not immediately respond to a request for comment. Armour noted that the latest filing spells out a specific allocation ratio between bitcoin and ethereum. The issuer, Yorkville America Digital, said it initially anticipates holding three bitcoins for every ethereum token in the ETF. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » "There is little that is different about this new venture other than the way it could be marketed," said Sui Chung, CEO and chairman of CF Benchmarks. "Given Truth Social's involvement, it may very well be that (these) are marketed directly to individual investors and that this ends up getting attention from those investors in the same way that people who love their iPhones buy Apple stock." Live Events
The Star
6 days ago
- Business
- The Star
Trump Media seeks SEC approval for bitcoin and ethereum ETF
FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. REUTERS/Kevin Wurm/File Photo (Reuters) -Trump Media & Technology Group is seeking to launch an exchange-traded fund that will invest in both bitcoin and ethereum, the two largest cryptocurrencies, according to a filing with the U.S. Securities and Exchange Commission on Monday. This marks the second cryptocurrency ETF filing from the social media company associated with President Donald Trump in less than two weeks. If approved, the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF would join a crowded and competitive market already dominated by a handful of established asset managers such as BlackRock, whose iShares Bitcoin ETF has $72.5 billion in assets. "It will be a challenge for any new entrant in this market," said Bryan Armour, ETF analyst at Morningstar. "The only way to stand out will be through fees or brand." The filing for the new bitcoin and ethereum ETF does not disclose proposed fees, and Trump Media has yet to reveal fees for the bitcoin ETF. Similar products have fees of 0.12%. Trump Media representatives did not immediately respond to a request for comment. Armour noted that the latest filing spells out a specific allocation ratio between bitcoin and ethereum. The issuer, Yorkville America Digital, said it initially anticipates holding three bitcoins for every ethereum token in the ETF. "There is little that is different about this new venture other than the way it could be marketed," said Sui Chung, CEO and chairman of CF Benchmarks. "Given Truth Social's involvement, it may very well be that (these) are marketed directly to individual investors and that this ends up getting attention from those investors in the same way that people who love their iPhones buy Apple stock." (Reporting by Suzanne McGee in New York and Manya Saini in Bengaluru; Editing by Shilpi Majumdar and Rod Nickel)
Yahoo
02-06-2025
- Business
- Yahoo
Why the Market's Long-Term Outlook is Bullish
Despite the recent flurry of tariff news and economic uncertainty portrayed by pundits, several key indicators are flashing bullish signals, including: The 'GDPNow Model' is a model created by the Federal Reserve Bank of Atlanta to provide a real-time estimate of the current quarter's Gross Domestic Product (GDP) growth. Through its 'Nowcasting' model, the GDPNow Model leverages a purely data-driven model that interprets current data to predict the future instead of simply predicting future economic conditions. Between the first negative GDP reading in several quarters, an escalating trade war, and negative sentiment, the GDP picture looked quite bleak. However, the current market environment illustrates why savvy investors rely on data-driven predictive models to eliminate bias and find the hard truth. In the latest reading, the GDPNow Model for real GDP growth (seasonally adjusted annual rate) in Q2 2025 is a robust 3.8%, up from 2.2% in the last reading. Image Source: Federal Reserve Bank of Atlanta The PCE Price Index (Personal Consumption Expenditures) number was released Friday. The reading came in at a 2.1% gain year-over-yea,r which was softer than Wall Street expected. The key inflation rate hit a 4-year low. Image Source: FRED Meanwhile, 'Supercore PCE,' which measures the price of 'core services,' saw its first negative reading since COVID. The latest inflation reading shows that President Trump's tariff policy has not negatively impacted prices (at least yet.) With PCE near the Fed's 2% target, investors should expect rate cuts in 2025 – a bullish development for stocks. Bull markets are driven by high-growth industries, and currently, the industry with the most innovation and the highest growth potential is the artificial intelligence (AI) space. Within the AI industry, Nvidia (NVDA), thesemiconductor leader, is the most important stock. In fact, without Nvidia's GPUs, it's impossible to be an AI leader. The company's earnings report in late May showed that there is plenty of room for the industry left to grow. Revenue bolted 69% year-over-year to $44 billion despite a $4.45 billion charge attributed to H20 product export restrictions to China. Despite the uncertainty in the macro trade environment, Zacks Consensus Analyst Estimates suggest that top and bottom-line growth will continue to grow at a healthy clip in the mid-double-digits. Image Source: Zacks Investment Research Meanwhile, other AI industry leaders echo Nvidia's significant growth. For instance, fellow AI leader and recent IPO CoreWeave (CRWV) reported Q1 revenue of $982 million, a fourfold year-over-year increase. Meanwhile, the Amazon (AMZN) AWS Chief reported Friday that AI cloud sales have reached multiple billions. Bitcoin and bitcoin proxies like iShares Bitcoin ETF (IBIT) have been valuable tools for investors to leverage as a leading indicator. For instance, IBIT topped on December 17th, 2024, well before the S&P 500 Index topped in February 2025. Now, IBIT is breaking out to new highs well before the major US equity indices. Could they follow next? Image Source: Zacks Investment Research Meanwhile, other risk-on areas of the market are showing that the 'animal spirits' are alive and well. For example, quantum computing leader D-Wave Quantum (QBTS) is up nearly 70% year-to-date. Image Source: Zacks Investment Research The general market exhibits a massive change of character over just the past month or two. For instance, Friday, President Trump said on social media that 'China's has totally violated its agreement with the US.' Earlier in the year, stocks would have plunged on this news. However, this time, the market opened lower by around 1%, only to quickly find buyers and finish the session green. Brushing off bad news is a hallmark of a bull market and is a subtle clue for savvy investors that the market is resilient. Now, the S&P 500 is setting up a picture-perfect daily bull flag pattern. Image Source: TradingView Bottom Line The confluence of strong economic indicators, the AI revolution, and the market's resilient behavior point to a market where bulls are in control. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report CoreWeave Inc. (CRWV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Spot Bitcoin ETFs to Buy With $100 and Hold Forever
iShares, Fidelity, and Bitwise offer the most accessible spot Bitcoin ETFs for new crypto investors. The iShares Bitcoin ETF is the largest and most liquid option in the market. Bitwise donates a portion of ETF profits to support Bitcoin's core developers. 10 stocks we like better than iShares Bitcoin Trust › Traditional-minded investors have been able to invest in Bitcoin (CRYPTO: BTC) via exchange-traded funds (ETFs) since January 2024. There are 11 spot Bitcoin ETFs on the market today, and they are pretty much the same thing in many ways. But if you want to get started with Bitcoin investing from this angle, putting a modest $100 to work for the long haul, I can't recommend all 11 ETFs. Some of the funds are lightly traded and not widely held. Getting a fair price for these ETFs is a bit more difficult, and you never know how long the fund's sponsor will continue to manage an unpopular fund. Others are priced above $100. Some stock brokerages will let you buy fractional shares of stocks and ETFs, but others don't. So if you have a strict $100 Bitcoin investing budget, these funds may be out of reach right now. Being index funds at heart, most of these spot Bitcoin ETFs come with minimal expense ratios. However, a few funds charge much higher management fees, making them unsuitable for long-term investing. These filters leave me with a short list of three suitable spot Bitcoin ETFs. These are the Bitcoin-tracking funds an intrepid long-term investor can buy for less than $100 as of May 19, 2025. The three funds under my microscope have delivered almost identical returns over the last year -- as expected. After all, they are all trying to match the real-time price changes of the underlying Bitcoin asset. They do it in slightly different ways, though. The market-leading iShares Bitcoin Trust (NASDAQ: IBIT) and the smaller Bitwise Bitcoin ETF (NYSEMKT: BITB) are true index funds, basing their Bitcoin price estimates on the same price-tracking index. The Fidelity Wise Origin Bitcoin Fund (NYSEMKT: FBTC), on the other hand, generates its own Bitcoin price reports by spot-checking six large cryptocurrency exchanges. The results are similar, and both methods are robust; Fidelity just does a bit more homework than the other two fund managers. The iShares, Bitwise, and Fidelity Bitcoin funds all come with reasonable management fees. There are some surprises in this area, though. You might expect Fidelity to charge a little more to cover the company's more intense Bitcoin price tracking. Bitwise and iShares simply look at an official index, while Fidelity checks Bitcoin prices at six trading exchanges every 15 seconds. But the Fidelity ETF's management fees are 0.25%, exactly matching the iShares fund's expense rate. As it turns out, Fidelity automates its more direct price-tracking system. The lowest fee in this trio comes from the Bitwise fund, where the annual expense rate stops at 0.20%. The Bitwise team simply pockets slightly lower profits than financial powerhouses like Fidelity and iShares manager BlackRock do. Furthermore, Bitwise donates 10% of its gross profits to Bitcoin's core developers. This way, Bitwise and this Bitcoin ETF's investors provide some direct financial support to keep the Bitcoin system safe, secure, and up to date. A $100 investment is a small bet for so-called Bitcoin maximalists, who expect the cryptocurrency to deliver massive returns over time. Buying Bitcoin directly is always an option, though you need to open and fund an account with a crypto-trading platform first. These three ETFs discussed should be available on any stock-trading service. They are reasonable investment vehicles for investors just dipping their toes in the cryptocurrency pool for the first time. The iShares Bitcoin ETF is the largest and most liquid option. Everybody knows the iShares name, managed by financial services giant BlackRock. There's a sense of additional security in relying on the most popular option. Fidelity is also a well-known financial services name, giving its spot Bitcoin ETF a sheen of extra credibility. Going the extra mile to generate Bitcoin price reports can also be a selling point. Finally, Bitwise entered this discussion from a different angle. The company was a crypto expert first, and an ETF manager much later. I like this team's commitment to supporting the Bitcoin developer community, and you can't go wrong with the lowest available management fees. Any of these three spot Bitcoin ETFs can serve as effective starting points for new Bitcoin investors. You can't go wrong with any of them, as long as you accept the price swings and volatility that come with Bitcoin investments in 2025. Before you buy stock in iShares Bitcoin Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and iShares Bitcoin Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Anders Bylund has positions in Bitcoin, Bitwise Bitcoin ETF Trust, and iShares Bitcoin Trust. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Spot Bitcoin ETFs to Buy With $100 and Hold Forever was originally published by The Motley Fool
